It is hard enough to keep track of changing rules and regulations without having the Feds change them retroactively. Here’s a quick summary of three retroactive changes that came out at the very end of March.
OK, so, we know the feds can't help themselves when it comes to changing things – but, could they please stop changing things retroactively? Just this week, three different announcements were made that revise rules – some back to 2016! They even made a retroactive change of a retroactive change they made earlier in the year! It is hard enough to keep track of regulations and to keep employers and individuals informed. But when the Feds make retroactive changes, they can cause more headaches than it is worth.
Here’s a quick overview of the three most recent retroactive changes.
I guess Will Rogers knew what he was talking about. “The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” I must accept that the Feds won’t stop changing things. Especially because it is apparent that they have no idea as to the chaos that retroactive changes bring about. Breathing deeply, counting to 10, and looping the Serenity Prayer in my head helps. Hopefully my blog updates are another way for you to keep your sanity in these ever-changing times.
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I love numbers. I'm a math geek. I read benefits industry articles and periodicals for relaxation (but, honestly, I'm still a fun gal). I also like to share what I've learned and you'll find it all here.